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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Don Green who wrote (14705)10/29/2003 4:49:12 PM
From: TradeliteRead Replies (1) of 306849
 
Laws governing ownership of rental property as a "passive" occupation while working professionally in real estate were changed a number of years ago, and I don't pretend to be an expert in those.

However, the system I just described worked well at the time for the people who did it.

There have been other tax changes in recent years (you know them better than I) which have made real estate ownership less attractive as an investment. Or so I hear from the people who do it.

About 8 years ago, I sold a home for a couple who had been stationed overseas for a while with the State Department and had rented out the home while they were gone. They were retiring and wanted to move out West to build on some land they owned.

Then several years later, they called and wanted me to sell their two rental houses located in the next county. Their CPA had told them these weren't such great investments anymore and selling would be a good idea.

As I said, tax law changes over the years have already made real estate rental property less attractive to many people. Consequently, it's not a big issue in my area anymore. Homes that used to be owned by investors are now owned by the growing population of just plain homeowners.
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